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FCC clears Level 3 purchase of TW Telecom

2014-10-25 20:42:27| Telecom - Topix.net

The Federal Communications Commission on Friday gave the go ahead for Level 3 Communications Inc.'s $5.3 billion purchase of TW Telecom Inc. The FCC approval comes days before the shareholders of both Denver metro-area telecoms vote on the cash and stock deal. Broomfield-based Level 3 and Douglas County-based TW Telecom announced the cash and stock deal June 16. The overall deal's value reaches $7.3 billion including TW Telecom's $1.6 billion in corporate debt.

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Category:Telecommunications

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